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Global IME Bank receives investment of $56 million from IFC

Report

International Finance Corporation, a member of the World Bank Group, is investing $56 million in Global IME Bank Limited (GIBL), to help increase access to finance for smaller businesses in Nepal, including women-owned firms, and foster climate-friendly projects. “The aim is to boost competitiveness in the small and medium enterprise (SME) finance market while also …

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Digital Marketing as a prominent pillar of our strategy

Interview

Brand and marketing are essential components for any organisation for a mass acceptability of their products and services and to get connected to the people/clients. In this era of digital transformation, digital marketing has leveraged the products and services with optimum attention of clients as well as prospective ones. In this context, the HRM caught …

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Nepali Banking Sector – 8 Years of Paid-up Capital Hike and its ImpactsNepali Banking Sector –

Opinion

It was on July 23, 2015, when Dr. Chiranjivi Nepal was presenting the monetary policy for the fiscal year 2015/16 at Hotel Radisson, Kathmandu. It was his first monetary policy speech as the Governor of the Nepal Rastra Bank. Along with other stakeholders, (we), bankers were also listening to him attentively. During the speech, when …

Nepali Banking Sector – 8 Years of Paid-up Capital Hike and its ImpactsNepali Banking Sector – Read More »

Performance of Commercial Banks in Q1Of declining profit and rising NPL

Report

the HRM On November 6, Sunil KC, the President of the Nepal Bankers Association (NBA), said that the non-performing loans (NPLs) of Nepali commercial banks remain within manageable limits. Despite the alarming 92 percent surge in NPLs reported in the first quarter of FY 2023/24 by commercial banks, the NBA, which serves as the umbrella …

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Mahalaxmi Bikas Bank is keenly attuned to the power of digital media

Interview

Times are challenging for Nepali banks and financial institutions. The Macroeconomic headwinds are blowing strong as the country’s economy grapples with a deep recession. Mahalaxmi Bikas Bank Limited, a prominent national-level development bank in Nepal, Limited is braving the situation with prudent banking practices, and effective marketing and communication strategies. Basant Baksi, Head of Liability …

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My professional journey as a CEO has been enriched with profound lessons

My First Job

For Hom Neupane, CEO of Nebico Group of Companies, his 23 years of career journey have been a rewarding and fulfilling one. He has worked in various roles and capacities in different organizations over the years and has a treasure trove of experience in the FMCG sector. Since 2008, he has been leading the pioneering …

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Fourth Quarter Reports of Commercial Banks – Diminishing Returns

Report

Despite the increase in profits, the capacity of commercial banks to distribute substantial dividends has diminished due to a 26 percent drop in distributable profit. the HRM When the commercial banks released their third-quarter report in mid-April of this year, there was an anticipation that non-performing loans (NPLs) would experience further growth and that net …

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Nepal needs to deepen FDI reforms to encourage new inflows of investment and technology

Interview

As Nepal faces one of the most challenging times in its history economically due to various external and internal factors, the support of multilateral partners like the World Bank has become more important than ever for the country. The Washington DC-based agency has been supporting the Himalayan nation in diverse areas for a long time …

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